Good Morning. While Macau’s recovery continues to drag, creating challenges for both suppliers and operators alike, it’s a different story in the U.S. In this week’s Face-to-Face, Aruze Gaming Senior Sales Manager Kevin Lee talks about the future for electronic table games in Macau and Asia, as well as the challenges in meeting that high demand in the U.S. He also discusses the problems suppliers are facing in grappling with global supply chain issues.
What you need to know
- A law to cover Macau’s junket industry is likely to be submitted before the end of the current Legislative Assembly session on August 15th.
- Genting Malaysia said it would progressively roll out remaining attractions at Resorts World Genting and ramp up operations elsewhere as borders open and Covid fears ease.
- The investigation into The Star Sydney is likely to initially be focused on determining whether Chinese high-rollers were given a means to withdraw gambling funds disguised as hotel expenses.
On the radar
- Less proportion gambled in Vegas, but spent more time & money.
- Transact 4Q21 revenue jumps 43%, sees pick up casino orders.
- Macau’s vaccination rate tops 80 percent.
What the papers say
- Russia’s invasion of Ukraine may take toll on Cyprus casinos.
- Macau gaming firms involvement in Russian casinos a risk factor.
- Rising U.S. fuel prices may signal storm clouds for booming Vegas casinos.
- At least 60 staff let go at Genting HK’s Singapore office.
- PAGCOR ordered to probe the disappearance of 31 cockfighters.
AGB Intelligence
FACE TO FACE
North America boom creates supply challenges as Macau lags
Gaming revenue in the United States has surged to record levels post-Covid and that’s creating challenges for suppliers such as Aruze Gaming as it seeks to meet demand. In this week’s Face-to-Face interview, Aruze Senior Sales Manager Kevin Lee talks to us about the enviable situation they face in the U.S. and how that compares with the still lagging Macau market. He also discusses the rise of electronic table games and predicts that they are the future for Asia.
Industry Updates
- Industry raises $250,000 for Ukraine, urges for more help to meet target.
- Play’n Go serves up Fat Frankie food-truck-themed game.
- IGT promotes positive play in honor of Problem Gambling Awareness Month.
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